Common use of ERC Ratio Clause in Contracts

ERC Ratio. The Borrowers undertake that, unless the Facility Agent (acting on the instructions of the Majority Lenders) otherwise agrees, the ERC Ratio shall not exceed 45%.

ERC Ratio. The Borrowers undertake undertakes that, unless the Facility Agent (acting on the instructions of the Majority Lenders) otherwise agrees, the ERC Ratio shall not exceed 45%the required ratio (depending on the share of Paying Portfolios against Total Loan Portfolios) as set out in Schedule 12 (ERC Ratio).

ERC Ratio. The Borrowers undertake undertakes that, unless the Facility Agent (acting on the instructions of the Majority Lenders) otherwise agrees, the ERC Ratio shall not exceed 4528%.